THE NIGERIAN STOCK EXCHANGE FACTBOOK 2008

 

Published Under the Authority

 of the Council of:

 

THE NIGERIAN STOCK EXCHANGE

STOCK EXCHANGE HOUSE

  2/4 Customs Street,

P.O. Box 2457, Lagos

 Telephone: 234-01-2660287, 2660305, 2660335, 2669978, 2661293

   Telex 23567 STEX.NG

Fax: 234-01-2668281, 2668724

E-mail: nse@nigerianstockexchange.biz

Website:www.nigerianstockexchange.com

 

 

BRANCHES:

Abuja (Area Office)

Kaduna

Port Harcourt

Kano

Onitsha

Ibadan

Yola

Benin

Ilorin

Uyo

 

EDITORIAL BOARD

Prof. Ndi Okereke-Onyiuke, PhD, OON (Chairman)

Mr. Kene Okafor (Editor)

Mr. Farooq Oreagba (Editor)

Mr. Arize Nwobu (Deputy Editor)

  

Copyright:

The Nigerian  Stock Exchange

ISBN 978 0262 - 1 - 6

 

Design/Typesetting by: Management Information Technology Department of The Nigerian Stock Exchange, 2/4 Customs Street, Lagos.

 

Produced by:

Pathway Communications Ltd.,

5/6, Adekunle Odunlami Crescent,

Next to AfriBank Estate,

Ilupeju - Lagos.

Nigeria.

Tel: 01-7911733

 

FACTBOOK 2008

 

 

 

W. A. ALUMINIUM PRODUCTS PLC

 

 

1. Head Office:

  5A, Oremeji Street,

  Ikeja, Lagos.

  Tel: 234-01-960237, 934885

  Telex: 26096 ALAN NG.

 

2. Nature of Business:

  Manufacture, importing, buying, selling and exchanging aluminium        products.

 

3. Date of Incorporation:

  19th October, 1976

 

4. Date Listed on The Exchange:

  6th September, 1989

 

5. NSE Classification:

  Emerging Markets/SSM

 

6. Board of Directors:

  S. O. A. Bankole (Chairman/CEO)

  A. B. Wali

  J. B. Daramola

  Chief Alexander A. Mayomi

  Titilayo Salawu (Mrs.)

  Abiola Bankole

 

7. Company Secretary:

  P. O. Omolayo

 

 

8. Auditors:

  Olawale Akinyemi & Co.,

  (Chartered Accountants)

 

9. Company Registrars:

  Capital Link Limited

  15, Ijero Road

  Off Moshood Abiola Way

  Ebute Metta, Lagos.

 

10. End of Accounting Year

  30th September.

 

11. Number of Employees

  45

 

12. Capital Structure

  i.  Authorised:     N3,350,000.00

  ii.  Paid-Up      N3,325,000.00

 

13. Analysis of Shareholding

    100% Nigerians

 

 

FOUR-YEAR FINANCIAL SUMMARY

 

CAPITAL

EMPLOYED                                         2005          2004          2003          2002

                                                         N000          N000          N000          N000

Fixed Assets                                   144,491      151,086            504            558

                                                   ------------     ------------       ----------        ---------

Stock and work in progress                  3,080            885         4,886         3,384

 

Debtors Amount falling

due within one (1) year                         3,146         1,845         4,847         1,818

Cash at bank and in hand                     3,328              50              10               5

                                                   ------------     ------------       ----------        ---------

Current assets                                    9,554         2,780         9,743         5,207

Current liabilities                               (1,625)       (1,775)          (969)          (124)

                                                   ------------     ------------       ----------        ---------

                                                        7,929         1,005         8,774         5,083

                                                   ------------     ------------       ----------        ---------

Total assets less current liabilities      152,420      152,091         9,278         5,641

                                                     ======    =======      ======      ======

 

REPRESENTED BY:

Called up share capital                        3,325         3,325         3,325         3,325

Reserve                                             4,056         3,781         2,321          (781)

Other reserve                                    75,045        75,045                -                -

Director’s current account                   69,994        69,940         4,632         3,097

                                                   ------------     ------------       ----------        ---------

                                                     152,420      152,091         9,278         5,641

                                                     ======    =======      ======      ======

 

PROFIT AND LOSS ACCOUNTS:

Turnover                                           40,325        61,580        76,751        37,170

                                                     ======    =======      ======      ======

Less Charge:

Direct cost                                       19,122        39,021        66,113        29,900

Admin. expenses                               19,303        16,229         7,790         4,268

Distributor’s payable and

similar charges                                      250         2,220         2,450         2,119

                                                   ------------     ------------       ----------        ---------

                                                      38,675        57,470        76,353        36,287

                                                     ======    =======      ======      ======

Profit on ordinary activities

before taxation                                   1,650         4,110         2,398            883

Tax on Profit/Loss                            (1,375)       (1,650)          (296)            114

                                                   ------------     ------------       ----------        ---------

                                                           275         2,460         2,102            769

Dividend proposal                                     -                -                -                -

                                                   ------------     ------------       ----------        ---------

                                                           275         2,460         2,102            769

                                                     ======    =======      ======      ======

 

 

 

Important Note:

While every effort is made to ensure accuracy, no responsibility is accepted for any error, which may occur in this book.

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